Actuarial – Risk Consulting

A Leading Global Consultancy is seeking experienced professionals for its Actuarial – Risk Consulting team in the Indian insurance market. In this versatile role, you will provide expert actuarial advice and support across a wide range of strategic client engagements. Furthermore, you will lead projects spanning embedded value, statutory reporting, and IFRS 17 implementation. Consequently, this position is vital for helping businesses achieve their full potential while navigating complex risk landscapes.

The Actuarial – Risk Consulting professional must design and review sophisticated actuarial models that align with current regulations. Additionally, you will play a proactive role in multi-disciplinary teams to resolve technical issues for high-profile clients. Therefore, the consultancy is looking for candidates who are qualified or close to qualifying in the actuarial profession. If you have at least five years of relevant experience and a passion for risk trends, this Actuarial – Risk Consulting role offers a premier leadership path.

Key Responsibilities for Actuarial – Risk Consulting

• Lead actuarial assignments related to appraisal valuation, embedded value, and product development.
• Design appropriate actuarial models that incorporate specific client product features and IRDAI regulations.
• Develop effective working relationships with key client contacts through clear and robust communication.
• Provide high-quality technical challenge to identify and resolve complex issues faced by team members.
• Collaborate with assurance, IT, and transaction teams to deliver integrated consulting solutions.
• Lend support to specialist research aimed at providing key insights for clients and consultants.
• Develop cutting-edge proposals to win new engagements and expand the firm’s client base.
• Share technical knowledge effectively by contributing regularly to the firm’s internal knowledge database.
• Raise the firm’s external profile by writing technical articles and presenting at industry forums.
• Maintain deep technical expertise in capital calculation, risk management, and shareholder reporting.

Requirements and Qualifications

• Graduate or Post Graduate degree in a relevant field.
• Qualified in Actuarial science or close to qualification from a recognized body.
• Minimum of 5 years of relevant professional work experience in the actuarial space.
• Good working knowledge of actuarial concepts, methodologies, and IRDAI/IAI regulations.
• Proven experience in actuarial modelling using specialized software such as Prophet, Axis, or MG-ALFA.
• Technical understanding of IFRS 17, US GAAP, and Economic Capital frameworks.
• Ability to communicate complex technical issues effectively to non-actuarial stakeholders.

Core Competencies and Attributes

• Strong leadership abilities with experience in both project and line management.
• Ability to balance a large number of competing demands while meeting strict quality deadlines.
• Self-motivated and outcome-focused mindset with the ability to use own initiative.
• Constructive approach to dealing with uncertainty and ambiguity in a fast-paced environment.
• Excellent team player capable of giving and receiving constructive professional feedback.

If you are an actuarial leader ready to drive the Actuarial – Risk Consulting function for a Leading Global Consultancy, we encourage you to apply today!